Main Economic Drivers in Jambi City in 2023

Economics & Macro

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Agus Dwi Darmawan 21/11/2024 08:24 WIB

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Other sectors in the top five are transportation and warehousing, manufacturing, construction, and information and communication.

Poverty Rate Based on the Jambi City Household Assets Index (ADHB) by Sector in 2023

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Poverty Rate Based on the Jambi City Household Assets Index (ADHB) by Sector in 2023

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The 2023 current price Gross Regional Domestic Product (GRDP) of Jambi City was recorded at Rp40.58 trillion. The GRDP in this regency/city grew by 6.61% compared to the previous year's Rp36.18 trillion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. Previously, at the end of 2020, post-COVID growth was recorded at a decrease of 4.24%.

According to BPS publications, with a total population of 633,650, the GRDP per capita in this region is recorded at Rp64,640,000/capita/year. Nationally, this GRDP per capita ranks 145th.

Of the 17 sectors driving economic activity in this regency/city, the wholesale and retail trade, repair of motor vehicles and motorcycles sector is the leading sector.

The wholesale and retail trade, repair of motor vehicles and motorcycles sector in Jambi City is the mainstay sector and contributed the largest share to the GRDP in 2023, reaching Rp14.23 trillion. This GRDP grew by 11.17% compared to the previous year's Rp12 trillion.

Following this, the transportation and warehousing sector grew by 10.28% to Rp4.38 trillion, and the manufacturing industry sector grew by 0.5% to Rp4.16 trillion.

The last sector contributing to the top five is government administration, defense, and mandatory social security, with a GRDP of Rp2.71 trillion. This sector grew by 2.33% compared to the previous year's Rp2.62 trillion.

Distribution of GRDP in Jambi City in 2023

According to its distribution level, the main sector contributing the largest growth to the GRDP in Jambi City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, with a contribution of 29.19%. Other sectors in the top five are transportation and warehousing, manufacturing, construction, and information and communication.

The sectors with the smallest distribution are Mining and Quarrying, Agriculture, Forestry and Fisheries, Other Services, Water Supply, Waste Management, Waste and Recycling, and Electricity and Gas Supply.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Main Economic Drivers in Jambi City in 2023

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